REGISTERED NUMBER: 05294832 (England and Wales)

PARKIN CONTRACTORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Abridged Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Tangible assets

4

738,975

776,356

CURRENT ASSETS

Debtors

663,404

799,502

Cash at bank and in hand

2,134,397

1,950,364

2,797,801

2,749,866

CREDITORS

Amounts falling due within one year

(570,204

)

(719,802

)

NET CURRENT ASSETS

2,227,597

2,030,064

TOTAL ASSETS LESS CURRENT LIABILITIES

2,966,572

2,806,420

CREDITORS

Amounts falling due after more than one year

5

(65,387

)

(6,063

)

PROVISIONS FOR LIABILITIES

(94,152

)

(122,672

)

NET ASSETS

2,807,033

2,677,685

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,806,933

2,677,585

SHAREHOLDERS' FUNDS

2,807,033

2,677,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

Mrs C A Parkin - Director

Mr C A Parkin - Director

Mr J Parkin - Director

Mr D Parkin - Director

1.	STATUTORY INFORMATION

Parkin Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05294832

Registered office:

20 Unwin Road

Sutton in Ashfield

Nottinghamshire

NG17 4HN

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2025 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

1,250,209

Additions

84,370

Disposals

(28,003

)

At 31 March 2026

1,306,576

DEPRECIATION

At 1 April 2025

473,853

Charge for year

109,059

Eliminated on disposal

(15,311

)

At 31 March 2026

567,601

NET BOOK VALUE

At 31 March 2026

738,975

At 31 March 2025

776,356

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals

£

COST

At 1 April 2025

83,500

Additions

80,026

At 31 March 2026

163,526

DEPRECIATION

At 1 April 2025

12,525

Charge for year

13,504

At 31 March 2026

26,029

NET BOOK VALUE

At 31 March 2026

137,497

At 31 March 2025

70,975

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2026

2025

£

£

Repayable by instalments

Finance leases

18,542

-

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.